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NINETY EIGHT REGENCY

Spyker still interested in Saab; unaware of Swedish gov't deadline

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Spyker still interested in Saab; unaware of Swedish gov't deadline

DECEMBER 10, 2009 13:01 CET

AMSTERDAM (Reuters) -- Dutch sports car maker Spyker Cars N.V. remains interested in buying Swedish automaker Saab from parent General Motors Co. and is not aware of any deadlines imposed on the process, a spokesman for Spyker said.

Spyker first said on Dec. 2 it is interested in Saab, which GM is scrambling to sell after a deal with Swedish firm Koenigsegg Group AB collapsed.

GM has said it would keep taking offers for Saab through the end of the year and close the money-losing automaker if it appears it can not be sold.

But Swedish daily Svenska Dagbladet reported on Thursday that Joran Hagglund, the state secretary at Sweden's Enterprise Ministry, has told GM it needs to decide this week whether to sell Saab.

"They're not aware of any deadline," the Spyker spokesman said on Thursday, adding that the company's interest is unchanged.

Spyker, which has roots dating to 1875, made 43 of its luxury cars last year, selling for 200,000 euros and up. Its primary backers include Russian banking tycoon Vladimir Antonov and his Convers Group, with a 29.9 percent stake.

Edited by NINETY EIGHT REGENCY
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Not really sure why the Swedish government has any say in this. Maybe they'd "like" to see a decision this week, but something got lost in translation? I find it amusing how much European governments have been trying to dictate GM business moves recently.

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